New York Act Would Examine Crypto Mining Potential

New York act would examine the potential for economic zones to empower cryptocurrency mining  
16 February 2018   933

The act A09862 was introduced in New York on February 14, 2018. It proposes to set up a task force to better understand the impact of economic empowerment zones for cryptocurrency mining.

If passed, the act would analyze cybersecurity threats, the general effect that creating such zones might have on employment within the respective areas. I also would analyse the role of service utilities.

This act would require all departments, agencies or any political subdivisions to provide relevant assistance and data. Two members of the task force would be appointed by the governor, temporary president of the Senate, speaker of the assembly, and superintendent of the department of financial services.

A report from the task force would be submitted to both the governor and legislature of New York one year from the act's effective date.

Mining Firms to Make Chinese Unicorn List for First Time

"Unicorns" are private companies valued at over $1 000 000 000
19 July 2018   102

The Shanghai Hurun Research Institute has published a list of unicorn companies in Greater China (China, Hong Kong, Macao and Taiwan), which for the first time included representatives of the cryptocurrency industry. Thus, the list of major figure-makers in the list of major equipment Bitmain, Canaan Creative and Ebang. This is reported by Coindesk.

It is noteworthy that Bitmain took the 13th place with a capitalization of 70 billion yuan ($ 10.4 billion). Canaan was awarded with 32nd place with a capitalization of $ 3 billion, and Ebang closed the trio on 53rd place with a value of $ 1.5 billion.

Note that the media has already reported that all three companies intend to hold an IPO on the Hong Kong Stock Exchange (HKEX).

In May, the relevant application was filed by Canaan, and in July, followed by Ebang Communication. Jihan Wu previously stated that his company also considers the jurisdiction of Hong Kong, and potential investors may be Sequoia Capital and IDG Capital.